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Home MarketsChartering Capes and Panamaxes …keep the BDI “balanced” whilst Wets fall; Ukraine’s despicable mess continues amid Covid’s rise…

Capes and Panamaxes …keep the BDI “balanced” whilst Wets fall; Ukraine’s despicable mess continues amid Covid’s rise…

by admin
John Faraclas

Markets try hard to remain buoyant whilst the despicable events in Ukraine and Covid’s rise coupled with the already existing recession might lead Planet Ocean to a point of no return; CAUTION. John Faraclas’ brief daily recap:

The BDI (Baltic Dry Index) was up just nine points since last Friday the 11th of March 2022 and now stands at 2,727…

Capes’ BCI went over and above the 2,700 points and now reads 2,786 – plus 110 !!

Panamaxes BPI lost the 3,100 points threshold and now reads 3,092 – minus 95… balancing more or less the gains of the Capesize ships.

Supras’ BSI down five at 2,934…

Handies gain ten points and the BHSI stands at 1,558.

Are we losing dry steam? On Friday the 18th of March we shall know…

The Wets once again, strangely enough fell; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,297 – down 15 and the 1,050 – down four points respectively. Strange but true…

The WTI fell US$ 6.32 (From US$ 109.33 last Friday) and now reads US$ 103.01… What’s next?

Geopolitics:

Aristotles’ Ethics maxim applies for today’s situ vis-à-vis the Ukrainian despicable mess: “Nothing matters much and very little matters at all”… Arthur Balfour agreed more or less with this maxim… An upheaval to stigmatise Planet Ocean for many generations to come… Ultra CAUTION should be observed. We shall stop wishful thinking and ACT NOW, ACT HERE AND NOW AND END THIS WAR!! Mr. Guterres do you read me?

Let’s watch how sanctions develop…

Turkey’s president, despite meeting yesterday Greece’s prime minister in an amicable – as far as we all understand meeting in Constantinople, immediately begun provocations violating Greece’s air space and uploading provocative video clips… this morning… SHAME… Another hot point is about to errupt… CAUTION!!!

Covid spreads again. What’s next as protocols and other protective measures will soon cease to exist!! Shame to all those diminishing the Medical fraternity.

An interesting and crucial week begun…

Have a nice evening but continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean.  Once again a big THANK YOU to all who really care for all humans – Doctors, Nurses, Seafarers, Dockers, Port Authorities et al during this Coronavirus disaster!! We repeat: Do please invest in Hospitals including Equipment, Doctors, Nurses and any useful means to avoid further disasters! Become more disciplined and care for the Environment too. As for the mess in Ukraine, we repeat: you have not seen anything yet as well as its spread… Lastly: Education and Training for all to be able to tackle these disasters. Let us work collectively together and NOT opt for a fistful of Dollars to restart the already collapsed global economy… which is in red over US$ 350 (three hundredandfifty) trillion…

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